Economics

Winter and spring gasoline prices show highest rise since Persian Gulf War

Article Abstract:

The Consumer Price Index for All Urban Consumers (CPI-U) showed an 18.2% increase after seasonal adjustment in the U.S. city average price of gasoline during the 6-month period ending in May 1996. This represented the biggest 6-month increase since Jan 1991, during the Persian Gulf War. Pres Clinton requested that the Dept of Energy prepare a report on reasons for the price increase. This report was issued in June 1996. According to the report, the reasons for the price increase were a worldwide increase in crude oil prices and a rise in the resale price spread.

The Word Spreads

Article Abstract:

Venture capitalists in Europe and Japan are following the United States lead. The British situation is emphasized. Problem areas for the electronic industry outside the United States include market size, supplies, customers and managers. Three British areas of industrial activity are Cambridge, Scotland and Berkshire- Wiltshire. Firms here are following the American style.

An Unholy War Spreads to the Gulf

Article Abstract:

A fundamentalist Moslem group supported by Iran has claimed responsibility for December 12, 1983 bombings in Kuwait. In one instance they were a warning to France and the United States. In the other, the bombs were intended to alarm the Gulf States concerning the Gulf war. Iran may have been trying to pressure Iraq through Kuwait.